Adnoc Gas to supply LNG to Jera Global Markets

UAE’s Adnoc Gas, a unit of Adnoc, has signed a deal to supply liquefied natural gas (LNG) to Jera Global Markets, a joint venture between majority shareholder Japan’s Jera and France’s EDF.

Adnoc Gas said in a statement on Wednesday the multi-year LNG supply deal with Jera Global Markets is worth between $500 million and $700 million.

The firm did not provide any additional information regarding the agreement.

Jera Global Markets said in a separate statement the contracted LNG volumes will be supplied from Adnoc Gas’ Das Island project and will be delivered to its global supply portfolio.

This agreement builds on the long-standing relationship between the UAE and Japan.

Constructed in the 1970s, Adnoc’s LNG production facilities on Das Island supplied LNG to Tokyo Electric Power, one of the parent companies of Jera along Chubu Electric, for over 40 years.

Adnoc Gas said this new supply agreement with Jera Global Markets renews and further enhances the partnership.

“This LNG supply agreement marks a significant milestone in Adnoc Gas’ long-standing strategic partnership with Jera, demonstrating our continuous and shared commitment for advancing sustainability in the energy sector and supporting a reliable and cleaner energy future for Japan and beyond,” Mohamed Alebri, CEO of Adnoc Gas, said in the statement.

“We are pleased to continue our LNG partnership with Adnoc Gas as the Jera Group continuously looks towards strengthening our global LNG portfolio with stable, flexible and competitive LNG supply, which is essential in the energy transition,” Kazunori Kasai, Jera’s chief optimization officer and chairman of Jera Global Markets, said.

LNG deals worth up to $12 billion

Adnoc launched Adnoc Gas on January 1 as it looks to further expand its international presence.

Earlier this year, Adnoc Gas signed a three-year LNG supply deal with a unit of France’s TotalEnergies worth up to $1.2 billion.

After that, the firm signed a long-term deal worth up to $9 billion to supply LNG to India’s top state oil refiner Indian Oil, and it signed a deal worth up to $550 million with Japan Petroleum Exploration (Japex).

Adnoc Gas signed the most recent deal worth up to $550 million with a unit of state-owned PetroChina.

The total value of LNG supply agreements signed by AdnocGas since its listing in March this year is between $9.4 billion and $12 billion, the firm said.

Adnoc owns a 70 percent stake in Adnoc LNG, that currently produces about 6 mtpa of LNG from its facilities on Das Island.

Besides this terminal, Adnoc is also working on the second LNG export plant in Al Ruwais.

According to Adnoc, the LNG terminal will have two 4.8 mtpa LNG trains, boosting the company’s LNG production capacity by 9.6 Mtpa, as it looks to respond to the growing global demand for natural gas.

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